A bill to amend the Internal Revenue Code of 1986 to provide a special rule regarding allocation of interest expense of qualified infrastructure indebtedness of taxpayers.

Summary

Amends Internal Revenue Code provisions concerning the allocation of interest to provide as a general rule that interest expense attributable to qualified infrastructure indebtedness of a taxpayer shall be allocated and apportioned solely to sources within the United States and the taxpayer's assets (whether or not held in the United States) shall be reduced by the amount of qualified infrastructure indebtedness.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 October 1998

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 October 1998

   Introduced

   Sponsor introductory remarks on measure. (CR S12561)

   Source: IntroReferral

3. 14 October 1998

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 October 1998 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 October 1998

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 October 1998

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 October 1998

  Open at official source

Sponsors

• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• · ssfi00 · Standing

Related records

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